Kirk Hope: Business NZ CEO says food and fibre export numbers are good, but there are underlying factors
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Food and fibre export revenue has hit new heights.
It's drawn $57.4 billion for the year to June 30, bringing $1.2 billion more into the economy than was originally forecast.
Dairy, horticulture, seafood and processed food exports have driven the record increases.
Business NZ chief executive Kirk Hope told Francesca Rudkin these are good headline numbers, but there are underlying factors.
He says, for example, while dairy by value is up the milk price is down by what was forecast from $8.30 to between $7 and $7.75.
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